Professional Documents
Culture Documents
My notes
Add relevant information about your progress in the notes pages located at the end of this checklist. For example, you can write down your business reference numbers and the contact details of people or agencies you deal with.
Translation
If you need an interpreter, please phone the Translating and Interpreting Service National on 13 14 50 and ask them to phone the Small Business Support Line on 1800 777 275.
Please note that every effort has been made to ensure that information provided in this checklist is accurate. You should note, however, that the checklist is intended as a guide only, providing an overview of general information available for new business starters. The checklist is not intended to be an exhaustive source of information and should not be seen to constitute legal advice. You should, where necessary, seek your own legal advice for any legal issues raised in relation to establishing your business.
Table of contents
So youre starting a business. Congratulations! How to use this checklist Translation
Do you know where to find advice & support? Do you know when a hobby becomes a business? Have you started planning for your business? Do you know how to obtain finance? Do you know which business structure suits your business? Are you an independent contractor?
Careful planning is essential to the success of your business. You should regularly review and revise your plans as an ongoing business activity. > Download our Business plan template and Business plan guide at www.business.gov.au/plans. > There are a number of agencies you can contact for assistance. For contact details, see our Advice & support topic on page 1. > Contact a business advisor for advice. Find your nearest advisor using our Advisor Finder tool at www.business.gov.au/advice. > Consult your accountant or solicitor.
a marketing plan?
A marketing plan can help you combine your total marketing effort. It gives you a systematic approach to developing products and services that satisfy your customers needs. > Download our Marketing plan template & guide at www.business.gov.au/plans.
an export plan?
An effective export plan will help evaluate your strengths and weaknesses upon entering the export market. > For more information on exporting, see our Exporting topic on page 39.
a succession plan?
A succession plan can help you plan for the day when you leave your business. Planning for this time can provide a smooth transition and lowers the risk of disruption to your operations. > Download our Succession plan template & guide at www.business.gov.au/plans.
Business structures
Do you know which business structure suits your business?
Before starting a business, you should consider the advantages and disadvantages of each type of business structure and decide which best suits your needs. Your business structure can affect the safety of your personal assets and taxation obligations. A change in ownership of an ongoing business may require a new registration to be made depending on the type of structure the business operates. Read about the most common forms of business structure below: Sole trader A sole trader is a type of structure where the business has no separate legal existence from its owner. As a sole trader, youll be responsible for the liabilities of your business. You need to report your business income on your personal income tax return, along with any other income. Partnership A partnership is a type of structure where two or more people start a business and can legally share profits, risks and losses according to terms set out in a partnership agreement. You must lodge a separate partnership income tax return. Trust A trust is a relationship where a business is transferred to a third party who has legal control and has a duty to run that business to benefit someone else. You must lodge a separate trust income tax return. Company A company is a legal entity separate from its members (shareholders). A director of a company has additional legal and reporting obligations. You must lodge a separate company income tax return. > Australian Securities & Investments Commission (ASIC) Contact ASIC if you wish to form a company. Phone 1300 300 630 Website www.asic.gov.au > For more information, obtain a copy of the Choosing the right business structure booklet from the Australian Taxation Office (ATO) website at www.ato.gov.au or phone their Business tax enquiries line on 13 28 66. > Contact a business advisor for advice. Find your nearest advisor using our Advisor Finder tool at www.business.gov.au/advice. > Consult your accountant or solicitor.
Independent contractors
Before starting as an independent contractor, consider the following issues:
Have you registered your ABN, GST or other registrations & licences? Have you registered your business name? Do you have adequate protection for your intellectual property? Have you considered running a home-based business? Do you understand your taxation obligations? Do you understand your legal requirements? Do you know about standards & codes of practice? Have you set up record keeping & accounting systems? Have you considered your corporate governance? Have you arranged insurance? Do you know how to employ people? Have you considered applying for grants or financial assistance? Have you considered doing business online?
When youre ready to start your business, you need to complete a number of registrations. These registrations will depend on your chosen business structure. For more information, see our Business structures topic on page 7.
Youre required to register your business name unless you plan to conduct your business under your, or your partners, first name and surname, or initials and surname. Before you choose a business name, you should consider existing trade marks and the availability of a domain name, as it can be very expensive to change once your business is established.
Have you checked if your proposed business name could conflict with someone elses registered trade mark?
You should check whether anyone else is using a trade mark, brand or logo that is identical or similar to your proposed business name. There can be issues if the goods or services are similar to those for which you intend to use the business name. > IP Australia Phone 1300 651 010 Website www.ipaustralia.gov.au > Seek advice from an Intellectual Property (IP) professional for further assistance.
Intellectual property
Intellectual Property (IP) covers a range of laws that give individuals and businesses exclusive rights over their creative and inventive projects. > IP Australia The Australian Government agency responsible for administering patents, trade marks, designs and plant breeders rights. Phone 1300 651 010 Website www.ipaustralia.gov.au > Seek advice from an IP professional when considering IP protection and strategies. When you start a business, create or invent a new product, you should consider the IP protection options that are appropriate to your business needs.
Home-based business
As a home-based business, youll also need to consider a number of other issues:
Do you know if your business has the correct level of insurance cover?
Your current level of home and contents insurance may not cover your home-based business operations. Many insurance policies dont cover tools of trade, office furniture or computer equipment used for your business. > For more information, see our Insurance topic on page 24.
Do you know which state, territory or local taxes you need to pay?
State, territory and local governments also have a number of taxes that may apply to your business.
Do you know if youre eligible for the small business tax break & other concessions?
You may be eligible for the small business and general business tax break and other small business concessions for CGT, GST, FBT and Pay As You Go (PAYG) instalments. > For more information, visit www.ato.gov.au/sbconcessions or phone the ATO Business tax enquiries line on 13 28 66.
Do you know how to lodge an income tax return for your business?
You must lodge an income tax return each year youre in business even if you do not make a profit or have no tax to pay.
There are a number of legal requirements businesses must comply with, which include Australian, state, territory and local government laws, licences, registrations and leases. > Search the Legal Issues Guide for Small Business. For information on general legal issues relevant to small business, visit http://sblegal.innovation.gov.au. > Search the Attorney-Generals Department Access to Justice website at www.accesstojustice.gov.au to locate someone in your area who can provide you with information, help you understand your options, and decide what to do. > Contact your nearest Business Enterprise Centre (BEC). For contact details, see our Advice & support topic on page 2. > Access your Business Licence Information Service (BLIS). For contact details, visit www.business.gov.au/licences. > Contact your state or territory business agency. For contact details, refer to the Business agencies list in our Checklist companion. > Find the contact details for your local council or planning authority at www.business.gov.au/directory. > Contact a business advisor for advice. Find your nearest advisor using our Advisor Finder tool at www.business.gov.au/advice. > Consult your accountant or solicitor. > Consult your industry association or employer group. Find contact details at www.business.gov.au/directory.
Do you understand the Competition & Consumer Act 2010 (CCA) & the Australian Consumer Law (ACL)?
The objective of the Competition and Consumer Act 2010 (formerly known as the Trade Practices Act 1974) is to enhance the welfare of Australians through the promotion of competition and fair trading, and provision for consumer protection. The Australian Consumer Law (ACL), which is contained in a schedule to the CCA, prohibits business conduct that is misleading or deceptive, provides product safety standards, makes manufacturers and importers liable for defective goods and prohibits unconscionable conduct by businesses in their dealings with consumers. The ACL applies nationally to businesses in all states and territories. The CCA also prohibits anti-competitive conduct (restrictive trade practices) such as contracts, arrangements and understandings or mergers and acquisitions that substantially lessen competition, market sharing, price fixing, misuse of market power or resale price maintenance. State and territory competition codes have mirroring provisions. > Australian Competition and Consumer Commission (ACCC) The agency responsible for the enforcement of, and bringing about compliance with, the Competition and Consumer Act. Phone 1300 302 021Small Business Helpline Website www.accc.gov.au > For information on state and territory consumer laws, contact your state or territory consumer affairs agency. For contact details, refer to the Consumer affairs agencies list in our Checklist companion.
Best practice is one way you can help your new business to stand out from the crowd. You can achieve best practice by following mandatory and voluntary standards and codes of practice.
Do you know what you must show on a tax invoice for GST purposes?
If youve registered for GST, the tax invoices you issue or receive must include certain information. The information required differs depending on the price of the sale. For more advice contact the ATO at www.ato.gov.au or phone their Business tax enquiries line on 13 28 66.
Have you considered whether you need help from a tax professional?
A Business Activity Statement (BAS) agent can free up more of your time so you can focus on running your business. BAS agents can provide BAS services, including preparing and lodging activity statements. > For more information regarding BAS agents, visit the Tax Practitioners Board website at www.tpb.gov.au or by phoning 1300 362 829. > Search the Online tax and BAS agent register at www.tpb.gov.au.
Corporate governance is about good decisions being made by the right person and is not just the domain of companies small businesses need corporate governance too. A good structure will allow you to ensure that the start-up of your business occurs smoothly, with minimal confusion about responsibilities. Here are a few things to consider when setting up your governance structure:
Insurance
Insurance is an essential part of running any business. If youre operating a small business, you may want more than just property insurance. Taking out the right insurance will help protect your business, minimise its exposure to risk and ensure youre able to compensate others if youre at fault.
public liability?
Public liability insurance protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or pure economic loss.
professional indemnity?
Professional indemnity insurance protects you from legal action taken for losses as a result of your advice.
product liability?
If you sell, supply or deliver goods, even in the form of repair or service, you may need cover against claims of goods causing injury or damage. > Australian Competition and Consumer Commission (ACCC) For general advice on product liability, including consumer guarantees for goods and services and product safety requirements under the Competition and Consumer Act 2010, visit their website. Phone 1300 302 021Small Business Helpline Website www.accc.gov.au > For more information or to discuss your insurance options, talk to your business advisor and a range of insurance companies and brokers.
Employing people
As an employer, you have certain obligations to your employees. This includes providing minimum standards of pay, conditions and entitlements. Private sector employers (whether incorporated or not) and their employees in all states and territories other than Western Australia, are now covered by the national workplace relations system established by the Fair Work Act 2009. This system includes minimum National Employment Standards (NES), modern awards, minimum wage orders and unfair dismissal protections. In Western Australia, the Fair Work Act applies to trading, financial and foreign corporations, but not unincorporated businesses which are covered by the Western Australian workplace relations system. Information about pay and conditions under the national workplace relations system is available from the Fair Work Ombudsman website. > Fair Work Ombudsman Phone 13 13 94 Website www.fairwork.gov.au If youre covered by the Western Australian workplace relations system, see the Labour Relations website. > Labour Relations, Department of Commerce Phone 1300 655 266Wageline Website www.commerce.wa.gov.au/labourrelations
Do you know your obligations for equal employment opportunity & anti-discrimination?
Your obligations as an employer require you to create a workplace free from discrimination and harassment. > Australian Human Rights Commission Phone 1300 369 711 Website www.humanrights.gov.au > Fair Work Ombudsman Advises on and enforces employment-related discrimination laws under the Fair Work Act 2009. Phone 13 13 94 Website www.fairwork.gov.au > Your state or territory business agency. For contact details, refer to the Business agencies list in our Checklist companion.
Have you considered registering with the Small Business Superannuation Clearing House (the Clearing House)?
If you have less than 20 employees, registering with the Clearing House will allow you to pay your employee superannuation contributions to a single location instead of multiple superannuation funds. The Clearing House will then distribute your superannuation contributions to the relevant superannuation funds on your behalf, for free. > To find out more or to register, visit www.medicareaustralia.gov.au/super or phone the Clearing House on 1300 660 048.
Do you understand your legal obligations under Occupational Health & Safety (OH&S) & workers compensation law?
As an employer, youre obliged by the law in your state or territory to exercise a duty of care to protect your employees against potential OH&S risks. You must also take out workers compensation insurance for your staff. In the event of an injury occurring or disease being present in your workplace, you may be required to contact the relevant state or territory agency. Contact the agency or check its website to determine which injuries and diseases must be reported. You also may have other obligations such as assisting an injured worker to return to work. > Contact your state or territory OH&S and workers compensation agency. For contact details, refer to the OH&S & workers compensation agencies list in our Checklist companion.
Do you know where to find skills development, industry statistics & training information?
Your business environment is constantly changing, so you need to ensure that the knowledge and skills of your staff keep pace with those changes. > Department of Education, Employment and Workplace Relations (DEEWR) Website www.deewr.gov.au/Employment www.deewr.gov.au/Skills www.skillsinfo.gov.au www.training.com.au
> National Training Information training.gov.au is the database of vocational education and training in Australia. The website includes information on training packages, qualifications, units of competency and Registered Training Organisations (RTOs). Website www.training.gov.au > Industry Skills Councils (ISCs) Provide information on training packages and assistance with fulfilling your training needs. Website www.isc.org.au > Contact your local TAFE college, private or online training provider. > Find seminars and workshops at www.business.gov.au/events. > Contact your local Australian Apprenticeships Centre. Visit www.australianapprenticeships.gov.au or phone the Australian Apprenticeships Referral Line on 13 38 73.
Grants and other funding programs are available from Australian, state and territory governments and in some cases from local councils. Generally, there are no grants available for starting a business. However, there are grants and other assistance available for a range of business activities such as expanding your business, research and development, innovation and exporting. > Grants & Assistance Finder Our tool can help you find government grants and assistance including specific grants for employers, industry, environmental projects and indigenous businesses. Website www.business.gov.au/grants > GrantsLINK Provides assistance on Australian, state and local government grants and funding programs available for individuals, businesses and communities to develop solutions to local and national problems, fund ideas and initiatives and provide assistance in times of hardship. Phone 1800 026 222Australian Government Regional Information Service Website www.grantslink.gov.au > AusIndustry You can find a list of government grants that support industry, research and innovation. Phone 13 28 46AusIndustry Hotline Website www.ausindustry.gov.au > Small Business Support Line Provides an initial point of contact to access information and referral services that assist small businesses. Information about government initiatives, grants and assistance is also available by contacting the Support Line. Phone 1800 777 275 Website www.ausindustry.gov.au/smallbusiness > Indigenous Business Australia (IBA) Provides support and services, including business planning workshops, to assist you to start, buy or expand your own business. Phone 1800 107 107 Website www.iba.gov.au > Contact your local council for information on their grants. Find contact details at www.business.gov.au/directory. > For further assistance, see our Advice & support topic on page 2.
Online business
One way you can reach a much wider market is by taking your business online.
Have you considered the laws & regulations that apply to online shopfronts?
Even if your business solely operates through a website, you still need to follow the same laws and regulations as if you were operating from a shopfront. There are also additional regulations like spam laws that may apply to your online business.
Have you considered buying an established business? Have you considered buying a franchise?
Before signing a purchase agreement, you should consider the following issues. For a more complete picture, you should read this topic together with the others in this checklist.
Buying a franchise
Buying a franchise can mean a significant financial investment and gives you the right to run a business and sell a prescribed product or service for a specified period. As a franchisee, you should consider the issues below when buying a franchise. Franchising in Australia is regulated by the Franchising Code of Conduct (Franchising Code), a mandatory code prescribed under the Competition and Consumer Act 2010 (formerly known as the Trade Practices Act 1974). The Franchising Code contains requirements regarding the information franchisors provide to prospective franchisees, dispute resolution processes and termination of the franchise agreement. > Australian Competition and Consumer Commission (ACCC) Promotes compliance with the Franchising Code by helping people understand their rights and obligations, investigating complaints and, where necessary, by taking enforcement action. Phone 1300 302 021Small Business Helpline Website www.accc.gov.au > Contact your state or territory consumer affairs agency. For contact details, refer to the Consumer affairs agencies list in our Checklist companion. > Contact a business advisor for advice. Find your nearest advisor using our Advisor Finder tool at www.business.gov.au/advice. > Consult your accountant or solicitor.
Do you know your ongoing employer obligations? Do you understand your occupational health & safety obligations? Have you thought about exporting goods or services? Have you thought about importing goods or services? Can your business benefit from applying for tenders or contracts? Are you prepared for an emergency?
As an employer, you have certain obligations to your employees. This includes providing minimum standards of pay, conditions and entitlements. Private sector employers (whether incorporated or not) and their employees in all states and territories other than Western Australia, are now covered by the national workplace relations system established by the Fair Work Act 2009. In Western Australia, the Fair Work Act applies to employers such as constitutional corporations (trading, financial and foreign corporations) but not to unincorporated businesses, which are covered by the Western Australian workplace relations system. The national workplace relations system includes minimum National Employment Standards (NES), modern awards, minimum wage orders and unfair dismissal protections. Information about pay and conditions under the national workplace relations system is available from the Fair Work Ombudsman website. > Fair Work Ombudsman Can help you comply with your workplace rights and obligations under the Fair Work Act 2009. Phone 13 13 94 Website www.fairwork.gov.au > Labour Relations, Department of Commerce If youre covered by the Western Australian workplace relations system (for example, if your business is not incorporated), see the Labour Relations website. Phone 1300 655 266Wageline Website www.commerce.wa.gov.au/labourrelations
Exporting
Expanding your market overseas can mean bigger profits and bigger risks. Successful exporting doesnt happen by accidentit needs careful planning and commitment.
Do you know how Australias Free Trade Agreements (FTAs) can affect your export business?
Australia has a number of FTAs with overseas countries that give businesses better access to those markets. Contact the Department of Foreign Affairs and Trade (DFAT) to find out more about Australias FTAs and the opportunities overseas. > Department of Foreign Affairs and Trade (DFAT) Phone (02) 6261 1111 Website www.dfat.gov.au/fta
Importing
Do you understand your importing requirements?
The Australian Customs and Border Protection Service will need to clear your goods on import. You also need to know what permits, duties and import regulations apply. > Australian Customs and Border Protection Service Phone 1300 363 263 Website www.customs.gov.au
Have you checked if your goods are subject to dumping &/or countervailing duty?
To find out what goods are subject to anti-dumping measures contact: > International Trade Remedies Branch, Australian Customs and Border Protection Service Phone (02) 6275 6066Dumping Hotline Website www.customs.gov.au
Contractual requirements can affect how you operate and grow your business. Having a good understanding of contracts can help improve the viability and security of your business. > Download a copy of Working with Contracts a plain English guide to using contracts as a commercial tool. The guide includes useful examples and information on typical legal jargon, types of contracts and pointers for constructing your own contract. Website www.innovation.gov.au/smallbusiness/workingwithcontracts
Glossary
Anti-dumping Australian Business Number (ABN) Australian Company Number (ACN) Best practice
> Glossary
Laws preventing the dumping of goods exported to Australia at a price that is below the normal value of the goods. A single identifying number used when dealing with other businesses and the Australian Taxation Office. The number allocated by the Australian Securities & Investments Commission (ASIC) when you register a company under Corporations Law. Improving business operations and service by following standards, codes of practice and benchmarking. A term describing controls, regulations and isolation imposed on goods, animals or plants exported to or imported from foreign countries to prevent the spread of pests and diseases offshore, at the border and onshore. A form used to report business tax entitlements and obligations including GST and PAYG. The tax on any gain you make when you sell an asset such as shares, units in a unit trust and property, excluding most homes and motor vehicles. The measure of actual cash flowing in and out of a business. Set out specific standards of conduct in an industry. Can be mandatory or voluntary. A company is a legal entity separate from its members (shareholders). Procedures that are undertaken at regular intervals or on an ongoing basis to ensure that the regulations and/or laws laid down by an authoritative body are kept. See Independent Contractor. A law that protects original works of art, literature, music, films, sound recording, broadcasts and computer programs from copying and certain other uses. A name identifying an entitys address on the internet, either a website address or an email address. Business conducted over the internet, including buying and selling, servicing customers and collaborating with business partners. An electronic marketplace (e-marketplace) allows buyers and sellers to carry out transactions via the internet. An indirect tax levied on certain types of goods produced or manufactured in Australia including petrol, alcohol, tobacco and coal. A business model where a franchisee purchases the right to trade in goods or services, within the terms of a franchise agreement. A legal contract setting out the operational terms and conditions of a franchise business. This usually covers franchisor and franchisee responsibilities, lease agreements, intellectual property, marketing and payments for a specified period. A person or business that legally purchases the right to operate a franchise outlet for a specified period.
Biosecurity
Business Activity Statement (BAS) Capital Gains Tax (CGT) Cash flow Codes of practice Company
Excise duty
Franchise
Franchise agreement
Franchisee
Franchisor
A person or business that owns a franchise and agrees to sell the rights, within the terms of a franchise agreement. An agreement between two or more countries to improve the flow of goods and services between borders, and eliminate or significantly reduce tariffs and trade barriers. A tax paid by employers on behalf of their employees, on non-salary benefits including company cars and mobile phones. Provide credit for the fuel tax (excise or Customs duty) included in the price of fuel used for business activities, machinery, plant, equipment and heavy vehicles. A broad-based tax of 10% on the sale of most goods and services in Australia. A person who is self-employed and hired to provide a service for a business, but is not an employee of that business. The eleven IPPs regulate how Australian and ACT government agencies manage personal information, and cover how and when personal information can be collected, how it should be used and disclosed, and storage and security. A credit for any GST included in the price paid for goods and services used in a business. IP represents the property of your mind or intellect. It can be an invention, trade mark, original design or the practical application of a good idea. In business terms, this means your proprietary knowledgea key component of success in business today. An organisation that allows users to dial into its computers to connect to the internet, for a fee. The name of the entity that appears on all official documents or legal papers. It may be different from the trading name. A financial obligation or amount owed. A legal document that grants a business or person with official permission to conduct a certain activity. A list of pre-qualified potential suppliers of nominated goods and/or services, who have satisfied the conditions for inclusion. A well known example is the ICTMUL a list of ICT suppliers that Australian Government agencies can use to source ICT goods and services and to select tender. The ten NPPs regulate how private sector organisations manage personal information. They cover the collection, use and disclosure and secure management of personal information. A partnership is a type of structure where two or more people start a business and can legally share profits, risks and losses according to terms set out in a partnership agreement.
Partnership
An exclusive right granted to an owner to sell their particular device, substance, method or process that is new, inventive and useful. A legal requirement to withhold a percentage of payments made to employees and other businesses, which is then paid to the ATO. A state and territory government tax on industry, calculated on the amount of wages paid. A legal document granting usually temporary permission to carry out a planned action. Information that identifies an individual or could identify an individual. Examples of personal information can include an individuals name or address. Personal information can also include medical records, bank account details, photos, videos, and even information about what an individual likes, their opinions and where they work basically, any information where they are reasonably identifiable. Income that is mainly a reward for an individuals personal effort or skills. Insurance that covers a business for damage or injury caused to another business or person, through the failure of a product sold by that business. Insurance that protects a business if their client suffers a loss as a direct result of their advice. Property taxes charged by local government on properties in their municipal area. A legally binding contract between a business and a landlord that sets out the terms by which a business can occupy a landlords shop or premises. A systematic process of making a realistic evaluation of the true level of risks to your business. A sole trader is a type of structure where the business has no separate legal existence from its owner. An unwelcome electronic mail message usually sent to a large number of recipients. A state and territory government tax paid by a buyer on the purchase price of the property or asset. A regular process involving a physical count of merchandise and supplies actually held by a business, to verify stock records and accounts. A unique number issued by the ATO to individuals and organisations to identify tax records. An invoice for the supply of goods or services which must specify that its a taxed invoice and must include an Australian Business Number. If the invoice is not in the specified format the recipient cannot claim GST input tax credits. A process a government agency or company follows to seek quotes for required goods or services.
Personal information
Professional indemnity Rates Retail lease Risk management Sole trader Spam Stamp duty Stocktaking Tax File Number (TFN)
Tax invoice
Tender
Trade mark
A trade mark can be a letter, number, word, phrase, sound, smell, shape, logo, picture, aspect of packaging or any combination of these, which is used to distinguish goods and services of one trader from those of another. A registration of a trade mark gives the owner the legal right to use, licence or sell it within Australia. The name that an entity trades under, or is known as, by its suppliers or customers. It may be different from the entitys legal name. A trust is a relationship where a business is transferred to a third party who has legal control and has a duty to run that business to benefit someone else. The amount of money that passes through a business entity throughout a financial year. When a business takes advantage of another in a transaction in a way that offends the conscience. Unconscionable conduct is much more serious conduct than mere unfairness, or acts in a way that is clearly unfair or unreasonable. Capital invested in a start-up business that is thought to have excellent growth prospects but does not have access to capital markets because its a private company. A payment made to an employee affected by a work related injury or illness, to compensate for the loss of earning capacity, medical and rehabilitation expenses.
Trading name
Trust
Turnover
Unconscionable conduct
Venture capital
Workers compensation
Index
A G
> Index
Accident, 9, 24, 38 Accountability, 23 Activity statement, 11, 18, 22, 26, 45 Apprentices, 26, 28 Australian Business Number (ABN), 4, 8, 10-11, 13, 25, 45, 47 Awards, 25, 28, 37
B
Goods and Services Tax (GST), 11, 16-18, 22, 33, 45-47 Grants, 29, 40, 46
H
Biosecurity, 39, 41, 45 Bookkeeping, 22 Business name, 10-14 Business plan, 5-6 Business structure, 7, 11 Business Activity Statement (BAS), 11, 18, 22, 45
C
Importing, 36, 41-42 Income tax, 7, 16-18, 22 Independent contractor, 8, 25, 45-46 Industrial chemicals, 41 Information technology, 15, 30 Innovation, 3, 19, 29, 43 Insurance, 9-10, 15, 24, 27, 37-40, 43, 47 Intellectual Property (IP), 5, 9-10, 13-14, 33-34, 40, 45-46 International, 14, 21, 40-41 Internet, 13-14, 30, 40, 45-46
L
Capital Gains Tax (CGT), 15-17, 45 Cash flow, 2, 5, 22, 45 Codes of practice, 21, 45 Company, 7, 11, 13, 27, 45-47 Competition, 19, 21, 24, 31, 34, 42 Concessions, 17 Contracts, 9, 19, 43 Contractors, 2, 8-9, 11, 25-26 Copyright, 14, 45 Corporate governance, 23
D
Land tax, 17 Leasing, 19, 33, 47 Legal, 3, 7, 10, 19, 24, 26-27, 33, 38-39, 43, 45-48 Licence, 11-13, 15-16, 19, 46, 48
M
Marketing, 5, 45
N
Networking, 3
O
Occupational Health and Safety (OH&S), 8, 27, 37-38 Online business, 15, 30-31 Overseas, 14, 26, 39-40, 43
P
Employment, 25-28, 37 Excise duty, 11, 16, 45-46 Exporting, 3, 5, 29, 36, 39-40
F
Partnership, 7, 46 Patent, 14, 40, 47 Pay As You Go (PAYG), 11, 17-18, 26, 45, 47 Payroll tax, 27, 47 Permit, 12, 15, 39, 41, 47 Personal Services Income (PSI), 8, 47 Planning, 2-3, 5, 15, 19, 24, 29, 39, 44 Policies, 15, 23
Financial management, 3, 6 Franchising, 34-35 Free Trade Agreement (FTA), 40, 43, 46 Fringe Benefits Tax (FBT), 16-18, 27, 46 Funding, 2, 6, 29
Privacy, 15, 20, 27, 31, 46 Procedures, 23, 45 Product liability, 24, 47 Public liability, 24, 37
Q
Rates, 17, 47 Record keeping, 10, 16, 22 Recruiting, 25 Research, 29, 39 Responsibilities, 2, 23, 45 Risk management, 5, 15, 23-24, 43, 47
S
Sole trader, 7, 47 Spam, 30, 47 Stamp duty, 17, 33, 47 Standards, 10, 19, 21, 25, 37, 42, 45 Stocktaking, 2, 47 Succession plan, 5 Superannuation, 8, 16, 25-27 Support, 2, 29, 39
T
Tax File Number (TFN), 11, 27, 47 Taxation,4, 7-8, 10-11, 15-17, 22, 25, 27-28, 33, 45 Tenders, 36, 43 Trade mark, 13-14, 40, 46, 48 Trade practices, 19, 21, 31, 34 Trade secret, 14, 33 Training, 2-3, 26-28, 30 Trust, 7, 16, 20, 45, 48
W
Wages, 16, 22, 25-28, 37, 47 Workers compensation, 12, 16, 22, 24, 27, 37-38, 48
My Notes
> My Notes